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flag Hammond Power Solutions to buy AEG Power Solutions for $365 million CAD, pending approval.

flag Hammond Power Solutions Inc. has agreed to acquire AEG Power Solutions in an all-cash deal worth $365 million CAD, pending regulatory approval. flag The acquisition, expected to close in the second quarter of 2026, will make AEG a wholly owned subsidiary. flag AEG, a global maker of industrial power electronics with operations in Europe and Asia and five manufacturing sites, will retain its leadership team. flag The move aims to boost Hammond’s technology and international presence in power electronics and integrated electrical solutions.

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